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Trump's Tariffs Had Little Impact on GDP in 2025, but Raised Revenue, Academic Paper Finds
WASHINGTON, March 25 (Reuters) - U.S. President Donald Trump's barrage of tariffs last year had only a minimal impact on U.S. economic output but raised significant federal revenue and contributed to a further U.S.-China trade decoupling, a new Brookings Institution academic paper showed on Wednesda
Thu, Mar 26
Wall Street Advances as Investors Bet on Mideast De-Escalation
March 25 (Reuters) - Wall Street's main indexes closed higher on Wednesday as oil prices fell while Iran reviewed a U.S. proposal to end the war in the Middle East, feeding investor hopes for de-escalation in the fourth week of a war that has disrupted global energy flows and stoked inflation concer
Thu, Mar 26
IMF Running Scenarios on Which Nations May Need Aid Due to Iran War, Bloomberg News Reports
March 25 (Reuters) - The International Monetary Fund is running scenarios on countries to gauge which economies could be in need of fresh financing if the Iran war drags on, Bloomberg News reported on Wednesday, citing people familiar with the matter.The IMF has asked country desks at the IMF to sha
Thu, Mar 26
US Links Security Guarantees to Ukraine Giving up Donbas, Zelenskiy Says
US has offered security guarantees if Ukraine hands Donbas region to Russia, Zelenskiy says Ukrainian leader says abandoning defensive line in Donbas would be a major security risk Zelenskiy thanks Trump for continuing US weapon supplies to Ukraine despite Iran conflictUkraine's advances in miss...
Thu, Mar 26
What Did Jury Decide in Social Media Case Against Meta and Google?
March 25 (Reuters) - A Los Angeles jury found Alphabet's Google GOOGL.O and Meta META.O liable on Wednesday in a landmark youth social media addiction trial. Here are the details of the jury's verdict: META, GOOGLE OWE DAMAGESMeta and Google owe $3 million in compensatory damages and $3 ...
Thu, Mar 26
Fed's Miran Again Calls on Fed to Cut Interest Rate Target
March 25 (Reuters) - Federal Reserve Governor Stephen Miran said Wednesday monetary policy is holding the economy back right now and that’s not where central bank interest rates should be.The 3.5% to 3.75% federal funds rate now in place is about a percentage point too high and is “modestly restrict
Thu, Mar 26
Us Oil Prices Rise as Investors Assess Middle East De-Escalation
TOKYO, March 26 (Reuters) - U.S. oil prices rose in early trade on Thursday, recovering some of the previous day's losses as investors assessed prospects for de-escalation in the Middle East and Iran reviewed a U.S. proposal to end the war, which has disrupted energy flows from the Gulf.U.S. Wes...
Thu, Mar 26
Inflation-Spooked Rates Markets Have Overshot: Mcgeever
ORLANDO, Florida, March 25 (Reuters) - Markets overshoot, and the dramatic surge in bets on higher interest rates in light of the Middle East energy shock is the latest case in point: the move may be logical, but its magnitude is questionable.As the dust settles on one of the busies...
Thu, Mar 26
Dollar Strengthens as Confidence Recovers, Fed Hike Bets Trimmed
SINGAPORE, March 26 (Reuters) - The dollar held on to gains at the start of Asian trading on Thursday as investors sought clarity on whether a de-escalation in the U.S.-Israeli conflict with Iran was imminent and trimmed bets that the Federal Reserve's next move may be...
Thu, Mar 26
ECB's Lagarde opens door to rate hikes if Iran conflict pushes up inflation
Lagarde says inaction may be hard to communicateLane flags selling prices, wages as keyInvestors expect multiple ECB rate hikes this yearMounting signs that Iran crisis is hurting the economyRehn says ECB should look beyond oil pricesBy Balazs Koranyi and Francesco Canepa FRANKFURT, March 25 (Reu...
Wed, Mar 25
Musk's Starlink Denied Namibia Licence for Ownership and Compliance Reasons
WINDHOEK, March 25 (Reuters) - Namibia declined licence applications from Elon Musk's satellite internet provider Starlink for failing to satisfy ownership and compliance criteria
Wed, Mar 25
Temu-owner PDD Misses Revenue Estimates
March 25 (Reuters) - Discount e-commerce player PDD Holdings PDD.O missed market estimates for quarterly revenue on Wednesday
Wed, Mar 25
Japan's Inpex to Acquire Stakes in Australia's Beetaloo Shale
March 25 - Japanese oil and gas producer Inpex 1605.T said on Wednesday its Australian unit has signed a farm-in deal with Daly Waters Energy to buy stakes in the Beetaloo shale basin in Australia's Northern Territory.
Wed, Mar 25
SpaceX aims to file for IPO as soon as this week, The Information reports
March 24 (Reuters) - SpaceX is aiming to file its initial public offering prospectus with regulators later this week or next week, The Information reported on Tuesday, citing a person with direct knowledge of the plans.Advisers involved in the preparation expect the Elon Musk-led company could attem...
Wed, Mar 25
Us Stock Futures Rise as Mideast Ceasefire Prospects Lift Sentiment
March 25 (Reuters) - U.S. stock index futures climbed on Wednesday, after media reports that the U.S. was seeking a month-long ceasefire in its war with Iran, allaying some investor fears around prolonged energy supply disruptions.
Wed, Mar 25
Oil falls on prospect of Middle East ceasefire easing supply disruption
Trump cites progress with Iran, US proposes plan to end war Iran tells UN 'non-hostile' ships can transit Strait of HormuzSaudi hikes Yanbu exports to work around Hormuz halt, data showsBy Yuka Obayashi and Trixie Yap March 25 (Reuters) - Oil prices sank about 4% on Wednesday after report...
Wed, Mar 25
GM to Invest $600 Million in its South Korean Unit
(Reuters) - General Motors GM.N, which received a South Korea government rescue package in 2018 to stay in the Asian country, said on Wednesday it plans to invest $600 million in its local unit to upgrade manufacturing facilities and products.
Wed, Mar 25
Japan's Nikkei Surges as Trump Claims Us Negotiating End to Iran War
TOKYO, March 25 (Reuters) - Japan's Nikkei share average rose the most in a week on Wednesday, supported by cautious optimism that the Middle East crisis could move toward a potential settlement after recent volatility.
Wed, Mar 25
February Shipments of Foreign-branded Phones in China Fall 7.7% from a Year Ago, Caict Data Shows
BEIJING, March 25 (Reuters) - Shipments of foreign-branded mobile phones in China for February, including Apple's AAPL.O iPhones, fell 7.7% from the same month last year, Reuters calculations based on data released by a government-affiliated research firm on Wednesday showed.
Wed, Mar 25
SK Hynix files for US listing that source says could raise up to $14 billion
Company makes a confidential U.S. filing Seeks to list about 2% to 3% of total shares, source saysThat would raise $9.6 billion to $14.4 billion Listing structure, size and timeline not yet finalised By Hyunjoo Jin, Cynthia Kim and Heekyong Yang ICHEON, South Korea, March 25 (Reuters) - South Kor...
Wed, Mar 25
